Monday, April 11, 2005

US To Block Brown’s Anti-Poverty Campaign

US prepares to block Gordon Brown's year-long anti-poverty campaign and his plans for a sale of International Monetary Fund gold reserves to raise cash for debt relief.
An IMF feasibility study, commissioned by G7 finance ministers, has given the thumbs-up to gold sales. But the US Treasury has been urged to oppose the idea by gold-mining firms who fear that a sell-off could depress global prices for the metal.
  • Source: Guardian